Norse Atlantic ASA

Earnings Release • Nov 8, 2024

Norse Atlantic continues positive trend and records its highest ever load factor

October saw Norse Atlantic record its highest ever load factor for a month, achieving 90%, which represented a 15-percentage point (p.p.) year-on-year increase. During October, Norse Atlantic had 118,502 passengers, representing an increase of 16 per cent compared to a year earlier, across 410 flights, including 50 charters. Norse Atlantic completed 99 per cent of scheduled flights in the month, while 74 per cent of flights arrived within 15 minutes of their scheduled arrival time.

KEY FIGURES OCTOBER 2024 *compared year-on-year	Load Factor 90% 15 p.p.	ASK (millions) 929 3%	RPK (millions) 833 23%
Passengers	Flights	Completion	Punctuality
118,502	410	99%	74%
16%	2%	1 p.p.	9 p.p.

ASK (Available Seat Kilometers): Number of available passenger seats multiplied by flight distance. | Completion: Percentage of scheduled flights that operated. | LF (Load Factor): A measure of how efficiently seats are filled, found by dividing RPK by ASK.| Punctuality: Aircraft arrived within 15 minutes of the scheduled arrival time. Indicates on time performance.| RPK (Revenue Passenger Kilometers): Number of sold seats multiplied by flight distance.